Oct
26

Golden Advice for Investment Portfolios

By Carol Flammer

buying and selling goldIn today’s economy, everyone seems to be searching for a sure thing to invest in. Whether it’s a safe stock option or another commodity, people want to have a secure investment portfolio. According to a recent post on the Equifax Finance Blog, gold is a solid solution for buyers and sellers.

In “Investing Advice for Selling Your Gold,” the writers on the Equifax Finance Blog explain how to get the most money for your gold.

  1. If you’re planning on measuring gold yourself, remember that gold is not measured in standard ounces. Instead, gold is measured in 31.1 gram units called troy ounces.
  2. To get an idea of how much your gold is worth, get two or three appraisals. You can find a trustworthy dealer through a source like the National Association of Jewelry Appraisers.
  3. Once you’re ready to sell, there are several options available to you. The jewelry store usually offers the most money, but there are also gold parties where you can make a few hundred dollars. If you want to try sending your gold to one of those mail-order places on television, be sure and read the full article for tips.
  4. Watch out for scams.  If it seems to good to be true, it probably is!

To read more advice on selling gold, visit the Equifax Finance Blog.

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